Usha Martin Ltd.
NSE: USHAMARTUsha Martin Ltd.: A 30-second snapshot
Usha Martin Ltd. (USHAMART), an infrastructure-linked wire and steel company, trades at ₹461, up 52% over the past year, with trailing PE of 32.2 and a forward PE of 20.1 based on consensus estimates from 2 analysts. The stock sits above both its 50-DMA (₹429.95) and 200-DMA (₹424.33), with RSI at 55.6 in neutral territory and a drawdown of 7.3% from its 52-week high. Among 6 Infrastructure peers it ranks 1st on both PE (lowest at 32.2 vs. sector range up to 109.4) and quality score (67 vs. sector range 24–57).
P/E
32.2
Forward P/E
20.1
ROE
+16.2%
Debt / Equity
6.92
Profit Margin
+12.4%
Div. Yield
+0.6%
5Y ROE > 15%
3/5
5Y FCF > 0
4/5
Quality
66/100
Recent context
- ·Zero news items were retrieved for this run date, meaning no headline-level catalysts — positive or negative — can be cited from the current data pull.
- ·The stock has delivered a 10.6% price gain over the trailing 3 months and 52% over 12 months, with resistance levels clustered at ₹467–470, approximately 1.3–2.0% above the current price of ₹461.
- ·Forward PE of 20.1 versus trailing PE of 32.2 implies the consensus (2 analysts) is modelling earnings approximately 60% higher in the near-term forward period; the magnitude of that revision warrants verification against company guidance and order-book disclosures.
Strengths
- +Lowest trailing PE among 6 tracked Infrastructure peers (32.2 vs. BEL 51.9, ABB 85.1, CGPOWER 109.4), indicating the market currently ascribes a relatively modest earnings multiple despite the sector re-rating of recent years.
- +5-year earnings CAGR of 45.8% and revenue CAGR of 12.3% reflect meaningful operating leverage over the cycle; forward PE of 20.1 suggests the earnings growth trajectory is expected to continue near term.
- +Quality score of 67 ranks highest among the 6 peers tracked, where the next closest is BEL at 57; this composite reflects relative consistency in profitability metrics.
- +RSI of 55.6 and a position 7.3% below the 52-week high suggest the price momentum has not yet entered the more extended overbought territory seen earlier in the up-move.
Weaknesses
- −Debt-to-equity of 6.92 is the most material structural concern; for a capital-goods and infrastructure company where cash flows can be lumpy, this level of leverage creates meaningful sensitivity to interest costs and credit conditions.
- −ROE has exceeded 15% in only 3 of the years available in the persistence dataset, and the consistency score of 62 is below the threshold typically associated with franchise-quality businesses; the strong earnings CAGR may reflect cyclical recovery rather than durable margin expansion.
- −Analyst coverage comprises only 2 analysts, which is insufficient to assess the robustness of the forward earnings estimates underpinning the compressed forward PE of 20.1; consensus from such a small pool can be highly sensitive to individual model assumptions.
- −No news data was collected in this run, leaving recent operational developments, order flow updates, or sector policy changes unobservable from the current dataset.
Open questions
- ?Does the D/E of 6.92 reflect project-financing structures typical for this company's business model, or does it represent balance-sheet leverage that has grown beyond historical norms?
- ?Is the 5-year earnings CAGR of 45.8% driven by a structural improvement in product mix or margins, or does it primarily reflect a recovery from a cyclically depressed base period?
- ?What order-book visibility or capacity-expansion plan supports the forward earnings estimates that imply ~60% earnings growth — and how have prior guidance vintages compared to outcomes?
- ?How does USHAMART's wire rope and steel product exposure correlate with specific infrastructure sub-segments (ports, mining, oil and gas), and how concentrated is revenue across those end-markets?
Peer comparison: Infrastructure
Ranks 1 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| USHAMART | Usha Martin Ltd.You're viewing | 32.2 | +16.2% | 67 |
| Industry avg | across 5 peers | 68.8 | +17.5% | 40 |
| BEL | Bharat Electronics Ltd. | 51.9 | — | 57 |
| ABB | ABB India Ltd. | 85.1 | — | 47 |
| CGPOWER | CG Power and Industrial Solutions Ltd. | 109.4 | +19.6% | 45 |
| LT | Larsen & Toubro Ltd. | 33.3 | +15.5% | 26 |
| CUMMINSIND | Cummins India Ltd. | 64.5 | — | 24 |
Technical state
Current price
₹461.00
SMA 50
₹429.95
SMA 200
₹424.33
RSI (14)
55.6 (neutral)
From 52w high
-7.3%
1Y return
+52.0%
3M return
+10.6%
50-DMA
Above
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highDebt-to-equity of 6.92 is materially elevated for an infrastructure/capital goods company; this level of leverage amplifies downside in a rising interest rate or demand-slow environment.
- mediumROE crossed 15% in only 3 of the available years and FCF was positive in 4 years, indicating uneven quality; consistency score of 62 reflects this.
- mediumAnalyst consensus is based on only 2 analysts (rating 1.0 on 1–5 scale, lower = more constructive), making the coverage too thin to treat as a meaningful signal.
- lowZero news items collected for this run; sentiment analysis rests on no data, leaving recent catalysts and risks unobservable.
Cross-section contradictions
- 5-year earnings CAGR of 45.8% is strong, yet D/E of 6.92 and only 3 of available years with ROE above 15% suggest profitability may be cyclically concentrated rather than structurally consistent.
- Stock is up 52% over 1 year and trades above both the 50-DMA (₹429.95) and 200-DMA (₹424.33), yet forward PE compresses sharply to 20.1 from trailing 32.2 — implying the market is pricing significant near-term earnings acceleration that has yet to be independently verified by broad analyst coverage.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 12 May 2026 · rotates through NIFTY 500 every ~5 days